Philadelphia area parents, students, members of
Occupy Philadelphia and a host of community advocacy groups rallied at the
Center City Wells Fargo branch today, calling on the bank to pay back the
millions they made on bad deals with the city and the Philadelphia School
District.According to a recent report by the Pennsylvania Budget and Policy Center, the city and School District have lost more than $332 million in net interest payments and cancellation fees related to swaps negotiated with bailed out financial institutions including Wells Fargo.
The activists, along with
supporters of the community group Fight for Philly, demanded Wells Fargo:
(Photos from today's action will be posted to our Flickr as soon as they come in.)
- pay its fair share of taxes,
- pay back the lucrative cancellation fees they received for terminating bad deals with the City and School Distict, and
- renegotiate those deals which are currently active.
(Photos from today's action will be posted to our Flickr as soon as they come in.)
